Gross Domestic Product — Value Standard Local Currency in Bahamas
Bahamas: Gross Domestic Product — Value Standard Local Currency was 14,866 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Bahamas, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Bahamas stood at 14,866 million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.7% on the previous year and up 35.5% over ten years.
Over the whole period, gross domestic product — value standard local currency in Bahamas peaked at 14,866 million SLC in 2024 and was at its lowest, 764.26 million SLC, in 1970.
Bahamas ranks 180th of 218 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Bahamas, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 764.26 million SLC | — |
| 1971 | 790.54 million SLC | +3.4% |
| 1972 | 850.05 million SLC | +7.5% |
| 1973 | 972.47 million SLC | +14.4% |
| 1974 | 1,179 million SLC | +21.3% |
| 1975 | 1,101 million SLC | -6.6% |
| 1976 | 1,213 million SLC | +10.2% |
| 1977 | 1,288 million SLC | +6.2% |
| 1978 | 1,502 million SLC | +16.6% |
| 1979 | 1,825 million SLC | +21.5% |
| 1980 | 2,190 million SLC | +20.0% |
| 1981 | 2,268 million SLC | +3.6% |
| 1982 | 2,554 million SLC | +12.6% |
| 1983 | 2,843 million SLC | +11.3% |
| 1984 | 3,036 million SLC | +6.8% |
| 1985 | 3,306 million SLC | +8.9% |
| 1986 | 3,574 million SLC | +8.1% |
| 1987 | 3,935 million SLC | +10.1% |
| 1988 | 4,091 million SLC | +4.0% |
| 1989 | 4,612 million SLC | +12.7% |
| 1990 | 4,768 million SLC | +3.4% |
| 1991 | 4,685 million SLC | -1.7% |
| 1992 | 4,682 million SLC | -0.1% |
| 1993 | 4,656 million SLC | -0.6% |
| 1994 | 4,908 million SLC | +5.4% |
| 1995 | 5,165 million SLC | +5.2% |
| 1996 | 5,863 million SLC | +13.5% |
| 1997 | 6,332 million SLC | +8.0% |
| 1998 | 6,833 million SLC | +7.9% |
| 1999 | 7,684 million SLC | +12.4% |
| 2000 | 8,076 million SLC | +5.1% |
| 2001 | 8,318 million SLC | +3.0% |
| 2002 | 8,881 million SLC | +6.8% |
| 2003 | 8,870 million SLC | -0.1% |
| 2004 | 9,055 million SLC | +2.1% |
| 2005 | 9,836 million SLC | +8.6% |
| 2006 | 10,167 million SLC | +3.4% |
| 2007 | 10,618 million SLC | +4.4% |
| 2008 | 10,526 million SLC | -0.9% |
| 2009 | 9,982 million SLC | -5.2% |
| 2010 | 10,096 million SLC | +1.1% |
| 2011 | 10,070 million SLC | -0.3% |
| 2012 | 10,720 million SLC | +6.5% |
| 2013 | 10,396 million SLC | -3.0% |
| 2014 | 10,974 million SLC | +5.6% |
| 2015 | 11,672 million SLC | +6.4% |
| 2016 | 11,745 million SLC | +0.6% |
| 2017 | 12,237 million SLC | +4.2% |
| 2018 | 12,616 million SLC | +3.1% |
| 2019 | 13,016 million SLC | +3.2% |
| 2020 | 9,958 million SLC | -23.5% |
| 2021 | 11,369 million SLC | +14.2% |
| 2022 | 13,136 million SLC | +15.5% |
| 2023 | 14,338 million SLC | +9.2% |
| 2024 | 14,866 million SLC | +3.7% |
Bahamas compared with similar countries
- Bahamas's 14,866 million SLC is below the median for high income countries, which is 257,567 million SLC, 6% of the median. (72 countries reporting)
- Bahamas's 14,866 million SLC is below the median for Latin America & Caribbean, which is 147,748 million SLC, 10% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,148 million SLC | 764.26 million SLC | 1,825 million SLC | 10 |
| 1980s | 3,241 million SLC | 2,190 million SLC | 4,612 million SLC | 10 |
| 1990s | 5,558 million SLC | 4,656 million SLC | 7,684 million SLC | 10 |
| 2000s | 9,433 million SLC | 8,076 million SLC | 10,618 million SLC | 10 |
| 2010s | 11,354 million SLC | 10,070 million SLC | 13,016 million SLC | 10 |
| 2020s | 12,734 million SLC | 9,958 million SLC | 14,866 million SLC | 5 |
Countries ranked near Bahamas
- 177 Brunei Darussalam 20,705 million SLC compare
- 178 Sao Tome and Principe 17,884 million SLC compare
- 179 Bahrain 17,355 million SLC compare
- 181 Solomon Islands 14,640 million SLC compare
- 182 Barbados 14,330 million SLC compare
- 183 Palestine 13,364 million SLC compare
More economy & growth data for Bahamas
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Bahamas?
- Gross domestic product — value standard local currency in Bahamas was 14,866 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Bahamas?
- The highest recorded value was 14,866 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Bahamas?
- The lowest recorded value was 764.26 million SLC in 1970.
- How does Bahamas rank for gross domestic product — value standard local currency?
- Bahamas ranks 180th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Bahamas?
- Over the last ten years it is up 35.5%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).